Admittedly, a new home would be quite an expensive Christmas gift -- but still -- I'll press on....
As shown above, inventory levels are getting lower than ever before -- except, perhaps, decades ago when the local population was smaller? My data only goes back about 10 years.
There are currently 315 homes for sale in all of Harrisonburg and Rockingham County -- a significant 24% decline from a year ago -- and a 44% decline from two years ago.
When might things get "better" you ask? Well, hard to say! We're likely to see further declines over the next month or two -- maybe down into the 200's??? Come March, we should start to see inventory levels (hopefully!) increase again.
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